Business
Harvest Gold Welcomes Strategic Investor Crescat Portfolio Management LLC
(TheNewswire) Vancouver, British Columbia – TheNewswire - December...
About this update from Harvest Gold Corporation
[{"type":"text","content":"Harvest Gold Welcomes Strategic Investor Crescat Portfolio Management LLC \n \n \n (TheNewswire)\n \n \n \n \n \n \n Vancouver, British Columbia –\n \n \n TheNewswire -\n \n \n December 30\n \n \n , 2021 ‑ Harvest Gold\nCorporation\n \n \n (TSXV:HVG) (“\n \n \n Harvest\n \n \n Gold\n \n \n ” or the\n“\n \n \n Company\n \n \n ”) is pleased to announce that it has entered into\nsubscription agreements with Crescat Portfolio Management LLC\n(“\n \n \n Crescat\n \n \n ”) of Denver, Colorado, pursuant to which Crescat will\npurchase 3,400,000 units (the “\n \n \n Units\n \n \n ”) of the Company at a price of $0.10\nper Unit for aggregate gross proceeds of $340,000 (the “\n \n \n Private Placement\n \n \n ”).  The Company expects the Private Placement to close on\nDecember 31, 2021.\n \n \n \n \n Each Unit will consist of one common share (each a\n“\n \n \n Share\n \n \n ”) and one common share purchase warrant (each a\n“\n \n \n Warrant\n \n \n ”), exercisable at $0.20 per Share for a period of 3 years\nfrom the date of closing of the Private Placement, provided that in\nthe event the closing price of the Company’s Shares on the Exchange\n(or such other exchange on which the Company’s Shares may become\ntraded) is\n \n \n $0.50\n \n \n or\ngreater per Share during any fifteen (15) non-consecutive trading day\nperiod after June 15, 2022, the Warrants will expire at 4:00 p.m.\n(Pacific time) on the 30th day after the date on which the Company\nprovides notice of such accelerated expiry to Crescat of the\nWarrants.\n \n \n \n \n Harvest Gold’s President and CEO Richard Mark\nstates:\n \n \n “We are extremely pleased to welcome\nCrescat as a significant new shareholder of the Company. Crescat is\nknown in the industry as a leading technical based investor and we\nbelieve its decision to join us further supports our hypothesis for\ndiscovery at Emerson. Dr. Quinton Hennigh, Crescat’s Geologic and\nTechnical Director, has been engaged with our technical team as final\ndrill targeting approaches. We believe Crescat’s history of\nsuccessful investing in this field and its large, educated investor\nbase will instill confidence in our existing shareholders.”\n \n \n \n \n In conne...